2129 Locust Ave — Sale in Long Beach, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Long Beach, CA 90806

Investment Figures

Cap rate
5.71%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present a 4-unit multifamily property. Built in 1928 originally as a triplex, the subject property consists of 2,351 rentable square feet spread throughout a 6,258 square foot lot. The property consists of a Two Bedroom + Den / One Bathroom House with 2 Existing One Bedroom / One Bathroom Units and 1 Brand new One Bedroom ADU. It contains three garages and one storage space. Investment Highlights: • South Wrigley Location: Centrally located to 405 and 710 Freeway, Memorial Medical Center, Signal Hill, and Downtown Long Beach • Brand New Ground Up Construction One Bedroom ADU: Built Between Front House and Back Buildings • Brand New Roofs, Upgraded Electrical Panels, and Copper / Pex Plumbing Throughout • Amenities That All Tenants Value: Synergized Outdoor Space, Laundry In-Unit (2/4 units), and Private Parking (3 Garages+Storage • Two Bedroom + Den / One Bathroom House with 2 Existing One Bedroom / One Bathroom Units and 1 Brand new One Bedroom ADU • Award Winning Poly High School Walking Distance

Market Context

This multifamily in Long Beach, CA is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Long Beach, CA — view the full market.

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